BUILDING ENERGY SAVINGS

Reduce your operating costs, lower your energy consumption and modernize your building asset

  • No upfront capital cost
  • Off balance sheet
  • Pay only for results
  • Technology agnostic
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Efficiency retrofits can be a challenge. See how Efficiency Capital makes it easy to save and increase building value.

CONDOS & HOUSING

OUR SOLUTION

  • Reduce your monthly maintenance fees and protect your reserve fund
  • No hassle investment approach - no borrowing requirement for building owners

COMMERCIAL

OUR SOLUTION

  • Preserve your capital to invest in your core business
  • Increase your buildings asset value

INDUSTRIAL

OUR SOLUTION

  • Implement energy savings measures with longer payback periods using our capital
  • Reduce operating costs while preserving capital

INSTITUTIONAL

OUR SOLUTION

  • Increase net income by reducing utility expenses with no upfront investment
  • Meet corporate sustainability objectives

WHAT WE PROVIDE

  • Design, invest, install, manage & insure energy building upgrades

  • Efficiency Capital (EC) increases asset value of buildings by investing in tax efficient performance guaranteed energy upgrades

ONE STOP SOLUTION

Our team of financial, engineering and project management professionals have developed a structured approach that mitigates design and implementation risk and ensures improved performance and reduced energy consumption while generating sustainable financial savings.

NO UPFRONT CAPITAL

EC’s investment solution provides building owners the opportunity to significantly improve building performance without affecting the balance sheet.

TECHNOLOGY AGNOSTIC

As an independent provider, EC allows the use of a number of pre-selected engineers as well as flexibility on choice of equipment from reputable suppliers. Building owners receive the best technology at the most competitive prices

PAY ONLY FOR RESULTS

EC reduces the financial risk of energy efficiency projects through its insured energy savings warranty program. For the duration of the project, EC or one of its partners will measure and verify the performance of the energy upgrade using the most recognized independent protocol (IPMVP).

STRATEGIC CHANNEL PARTNERS

BEST IN CLASS

ENGINEERS

PROPERTY MANAGERS

ENERGY MANAGEMENT PROVIDERS

PRODUCT SUPPLIERS

HOW IT WORKS

Only four steps to shrinking your utility bill, eliminating wasted energy, and reducing your carbon footprint. EC provides a seamless, single-source solution as our team designs, finances, installs, manages and monitors your building retrofit.

STEP ONE: AUDIT

EC and its partners work with you to identify and develop a customized approach that meets your financial and technical needs. Through a structured screening process, EC helps you select an engineer and identify the project's technical and financial viability. Once an audit is conducted, the data is used to create a finance-able project.

STEP TWO: INVESTMENT

EC creates a financial model based on the information received from the audit. EC works with the building owner to create the most viable shared savings agreement. EC draws up a Letter of Intent describing the financial terms and conditions of implementing the energy efficiency upgrade best suited to the building’s needs. The Energy Savings Performance Agreement (ESPA) is a unique non-debt investment solution that covers building upgrade costs while decreasing your operating expenses.

Repayment is equal to, or less than, the energy savings. The project must be repaid in full within 10 years based on the energy savings. Once the terms and conditions of the ESPA™ are completed – over a period of seven to 10 years on average – the building owner retains 100% of the energy savings.

STEP THREE: INSTALLATION

Following acceptance of the contract, the engineer procures and manages the entire installation process. Installation times vary depending on the size of the project, with most multi-measure projects taking three to five months.

STEP FOUR: MEASUREMENT AND VERIFICATION

For the duration of the contract, EC and its partners measure and verify the performance of the energy upgrade project using the most recognized independent protocol (IPMVP). Quarterly reports are provided to the building owner demonstrating the energy and cost savings.

PROOF

  • WOODGREEN COMMUNITY HOUSING

    Efficiency Capital developed, invested and managed a multi-measure efficiency retrofit across eight of WoodGreen’s 12 buildings, allowing the organization to focus on delivering core services while maintaining quality housing.

    The comprehensive efficiency retrofit project is the first-ever in Canada to receive Investor Ready Energy Efficiency (IREE) certification, based on the Investor Confidence Project (ICP) framework.

    PROJECT COST: $3,400,000
    OPEX REDUCED: 17%
    CO2 REDUCED: 250 TONNES

  • KEELE RAVINE CONDOMINIUMS

    Our efficiency retrofit project Keele Ravine with a new way to finance and manage short- and long-term asset deficiencies, helping reverse a depleted reserve fund and disrepair issues across its 40+ year old 9-storey building and several 2-storey townhouses.

    PROJECT COST: $550,000
    OPEX REDUCED: 18%
    CO2 REDUCED: 101 TONNES

  • ALBANY CLUB

    Efficiency Capital helped the Albany Club unlock enough capital to pay for a range of high impact building upgrades in its historic 125+ year-old building in downtown Toronto. We helped negotiate alternative financing strategies and determine the best path forward, leveraging future energy savings and available incentives to pay for immediate upgrades.

    PROJECT COST: $470,000
    UTILITY COST SAVINGS: 35%
    CO2 REDUCED: 19 TONNES

  • SCARBOROUGH HEIGHTS CO-OP

    A multi-measure energy efficiency retrofit project, financed through the Energy Savings Performance Agreement (ESPA) approach provided Scarborough Heights with multiple financial and environmental savings throughout its 12-storey building.

    PROJECT COST: $600,000
    OPEX REDUCED: 20%
    CO2 REDUCED: 70 TONNES

ABOUT US

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CORPORATE PROFILE

Efficiency Capital (EC) works with owners of commercial, industrial and multi-residential buildings, coordinating with landlords and institutions to enhance their asset values by installing performance guaranteed energy efficiency upgrades. EC allows property owners and asset managers to increase overall building profit by realizing savings on operating costs and achieving significant declines in greenhouse gas emissions associated with energy consumption.

EC is a single-source provider of comprehensive, well-managed solutions that ensure the highest standards in building energy efficiency. The EC team supervises the engineering, investment, installation, and monitoring of energy upgrade projects. EC earns back its capital and professional services investment by sharing the clients’ utility cost savings.

EC is well positioned to serve a dynamic real estate market where reducing operating costs by lowering utility expenses is a competitive advantage, augments a building portfolio’s financial returns and boosts metrics associated with sustainability. The Atmospheric Fund is a strategic capital partner.

THE ATMOSPHERIC FUND

The Atmospheric Fund (TAF) is a regional climate agency that invests in low-carbon solutions in the Greater Toronto & Hamilton Area and helps scale them up for broad implementation. TAF is an experienced leader and collaborates with stakeholders in the private, public and non-profit sectors who have ideas and opportunities for reducing carbon emissions. Supported by endowment funds, TAF advances the most promising concepts, particularly those that offer benefits beyond carbon reduction such as improving people’s health, creating new green jobs, boosting urban resiliency and contributing to a more fair society. TAF developed the ESPA™ and incubated Efficiency Capital to advance the ESPA™ model across various client segments. For more information about TAF, visit TAF’s website at TAF.ca

LEADERSHIP

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CHANDRA RAMADURAI, MBA

CEO

Experienced CEO and investment professional, Ex-Banker

Over two decades of experience in global markets like Canada, US, Europe and Asia

clean 50 2021

mathew-zipchen-2

MATTHEW ZIPCHEN, MPP

PRESIDENT

Green building consulting, renewable energy development, and energy efficiency financing

Entrepreneur, over 15 years of new venture development and management

clean 50 2021

Tim Stoate

TIM STOATE

VP - DEVELOPMENT

Over 30 years experience in financing transactions. Board Member of the Green Ontario Fund

Led the team that created the ESPA™ financing model

Ian Sinclair

IAN SINCLAIR, P.ENG

VP - TECHNICAL

Professional engineer specializing in renewable building energy with 25 years’ experience

Engineering, project management, project development, commissioning, client management

BOARD OF ADVISORS

Jen-Aitchison2

JEN AITCHISON

MEMBER, ADVISORY BOARD

Insurance and Risk Management Leader and Board Member

15+ years, Creating bespoke sustainability and renewable energy insurance products

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ALLISON ANNESLEY

MEMBER, ADVISORY BOARD

Sustainability Professional, Urban Planner, Energy Systems Manager, LEED AP

Stakeholder engagement, business development, communications

nigel-etherington

NIGEL ETHERINGTON, P.ENG

MEMBER, ADVISORY BOARD

More than three decades of experience as a strategist and operations leader

Expertise in technology based businesses, renewable energy, & sustainability

Kristian Knibutat

KRISTIAN KNIBUTAT, FCPA, CBV

MEMBER, ADVISORY BOARD

35 years' experience in all aspects of M&A as a partner with PwC

VP of Impact Investing at The Atmospheric Fund

peter-love

PETER LOVE

MEMBER, ADVISORY BOARD

Former Chief Energy Conservation Officer of Ontario and President of ESAC

Thought Leader and champion of energy efficiency initiatives in Public, Private and Academic institutions

WHY EC

1Up to 100% of the costs are covered through our investment so you preserve your capital
Because EC pays up to 100% of the energy efficiency upgrade, the building’s capital is preserved and can be used for other purposes.
2No debt on your balance sheet
Based on advice to EC from a “big four” accounting firm, the ESPA investment approach is not considered debt. The agreement therefore does not create a balance sheet liability and a borrowing by-law is not required. While this advice comes from a knowledgeable and professional source, you should still review the agreement with your own advisors.
3Your energy savings are insured
An A-rated insurance company insures the energy savings. This means that if your savings are lower than expected, you don’t pay the difference – the insurer does.
4We take on the risk
Within the term of the contract and the expected life of the equipment, EC assumes the risk of ownership and performance.
5We are product agnostic
We install the best products at the best prices, regardless of who the manufacturer is.
6There is alignment of interests
The building owner wants properly functioning equipment and their portion of energy savings. EC wants to earn a return on its investment in the retrofit. An ROI is only possible if the retrofit is successful. The insurer wants to avoid paying a claim. In this way, all three stakeholders have an incentive to make sure that the retrofit is successful.
7Your emissions are reduced
Reducing energy consumption saves money and the environment. As your utility bill shrinks, so does your carbon footprint.
8Tax benefits
The cost saving payment is part of a service agreement which is a tax deductible expense in the year that it is paid to EC. Depending on your entity’s legal structure (corporation, partnership or not-for-profit organization) the tax benefits that accrue may differ. Please consult your tax professional.
9What’s the catch? Is this too good to be true?
We intentionally created a product and service that eliminates the many barriers to energy conservation in the building sector. We saw a prime business opportunity in a niche market that few other companies are currently exploring. Prior to investing in EC, Toronto Atmospheric Fund used its $100 million endowment as leverage to test this approach to encourage energy efficiency, diminish greenhouse gases, and earn a healthy return on investment. The success on all three fronts demonstrated that energy conservation turns out to be an opportune business venture. EC is expanding market share based on TAF’s thoroughly researched pilot projects in this field.

BUILDING ENERGY UPGRADE

Whatever your questions or concerns, we want to hear from you and provide a solution – that’s our business.
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    OUR MAILING ADDRESS

    Efficiency Capital (EC) Inc.
    P.O. Box 64007
    Royal Bank Plaza, 200 Bay Street
    Toronto, ON M5J 2T6

    CONTACT US

    Email: info [at] efficiencycap [dot] com
    Telephone: 416.306.8181 / 647.800.2493